If an Increase in Price from $1

question 185

Multiple Choice

If an increase in price from $1.20 to $2 per unit leads to an increase in quantity supplied from 20 to 100 units,

• A)demand is elastic
• B)demand is inelastic
• C)demand is unit elastic
• D)supply is elastic
• E)supply is inelastic

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Definitions:

Gender Identity

Refers to an individual's personal sense of their own gender, which may or may not correspond to the sex assigned at birth.

Asexual

an orientation characterized by a lack of sexual attraction to anyone or low or absent interest in sexual activity.

Bisexual

An individual who is attracted to both males and females.

Heterosexual

A sexual orientation characterized by a romantic or sexual attraction to members of the opposite sex.